Fire Protection System Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

The Fire Protection System Market size is estimated to grow by USD 14,406.41 million at a CAGR of 7.07% between 2022 and 2027. 

There is a huge demand for fire protection systems in every building or establishment. Factors such as IoT-enabled smart smoke-detecting solutions preventing false alarms,  integration of IoT with smartphones to detect fire hazards, and installation of Photoelectric and ionization smoke detectors are primarily driving the market growth. Furthermore, Rising governmental concerns to prevent fire hazards, and the development of the construction industry are also notably driving the market growth. Upcoming trends such as growth in the adoption of wireless technology for fire prevention, and technological advancement are also influencing the market. 

The fire protection system market is highly fragmented, with several small and big worldwide enterprises, as well as regional and local organizations. Vendors in this industry compete on pricing, product capacity, product line breadth, support, and delivery. The market is extremely competitive, with all firms vying for a greater market share. International players are projected to develop by acquiring regional and local companies which are expected to drive market growth. Market players are also adopting strategic alliances to resolve challenges related to the fire protection system market.

For instance, in October 2022, Johnson Controls acquired Rescue Air Systems in order to expand its fire suppression offering. It is a prominent provider of Firefighter Air Replenishment Systems (FARS), which allow firemen to replace breathing air bottles while responding within a building. This equipment serves a fast-developing safety improvement vertically and is compliant with jurisdictions where FARS are increasingly needed by code. 

This report extensively covers market segmentation by Product (fire detection, fire suppression, fire response, and fire analysis), Application (commercial, industrial, and residential), and Geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Fire Protection System Market During the Forecast Period?

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Technavio’s Exclusive Fire Protection System Market Customer Landscape

Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027. 

Global Fire Protection System Market Customer Landscape

Key Drivers, Trends, and Challenges

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Key  Driver

The development of the construction industry is majorly driving market growth. Over the last decade, emerging economies such as India and China, along with other Asian countries, have experienced a significant rise in their urban population. As a result, there has been an increase in infrastructure development, including the construction of residential buildings, roads, malls, and commercial properties. This rapid urbanization has led to the expansion of urban areas in both size and height, which has in turn fueled demand for fire protection systems from manufacturers in response to the growing construction industry.

The market for fire protection systems is expected to be driven by the expansion of the manufacturing industry, as well as increased investment in advanced building technologies. In addition, emerging countries are implementing policies to ensure safe and healthy working environments, which is projected to boost demand for fire protection systems and improve the overall corporate landscape.

Significant Trends

Vendors in the fire protection system market are increasing their expenditure on research and development activities to keep up with the changing technology and consumer preferences. The market is witnessing many innovative applications and solutions, and vendors are striving to deliver highly efficient fire protection systems to survive the competitive market. Vendors are launching new products with advanced features. For example, in October 2020, Honeywell International introduced Connected Life Safety Services (CLSS), an all-in-one cloud platform for fire safety systems. This suite of tools allows fire technicians to ensure compliance, reduce disruptions, and minimize the time required for the design, installation, inspection, commissioning, maintenance, and reporting of life safety systems. 

The fire protection system market is experiencing significant growth due to the substantial advancements in smoke detectors, big data, and Internet of Things (IoT) technologies. The emergence of smart smoke detectors, which are programmable and can easily connect to Wi-Fi networks in both commercial and residential settings, has been a major contributor to this growth. These detectors provide smoke detection alerts and can be easily controlled through mobile devices, making it easy to monitor the battery status. As a result of these technological advancements, the fire protection system market in India is expected to continue growing during the forecast period.

Major  Challenge

The implementation of fire protection systems requires high initial investments due to the need for multiple components such as alarms, smoke detectors, and fire suppression systems, which can be expensive. Additionally, the labor charge for installing fire protection systems is high, as it involves complex network development and sophisticated tools to counter fire situations.

Moreover, vendors in the market need to continuously upgrade their solutions and develop new technologies to provide more responsive, accurate, and sophisticated systems. This requires a significant amount of investment, increasing the procurement cost for residential enterprises and government agencies. As a result, the high installation and maintenance cost of fire protection systems may limit the growth of the market during the forecast period.

Who are the Major Fire Protection System Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Fire Suppression Ltd. -  The company focuses on fire suppression systems, offering fire suppression and VESDA smoke detection solutions. The key offerings of the company include fire protection systems. 

Honeywell- The company offers fire protection systems such as Vesda E Detectors. The company also provides auxiliary power units, propulsion engines, environmental control systems, integrated avionics, wireless connectivity services, electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, management, and technical services, advanced systems and instruments, satellite and space components, aircraft wheels and brakes, repair and overhaul services and thermal systems to original equipment manufacturers (OEM) and other customers.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:

• ABB
• API Group Corp.
• Carrier Global Corp.
• Eaton Corp. Plc
• Encore Fire Protection
• Fireline Corp.
• Firetrol Protection Systems Inc.
• Gentex Corp.
• Halma Plc
• Hochiki America Corp.
• Johnson Controls International Plc.
• Minimax GmbH and Co. KG
• Napco Security Technologies Inc.
• Raytheon Technologies Corp.
• Robert Bosch GmbH
• Securitas AB
• Securiton AG
• Siemens AG

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Fire Protection System Market Segmentation by Product, Application, and Geography

Product  Analysis:

The fire detection segment was valued at USD 10,641.71 million in 2017 and continued to grow until 2021. A fire detection system comprises various devices, such as smoke detectors, alarms, water sprinklers, servers (alarm-initiating device circuits), and fire suppression and extinguishment, which work collectively to help detect and warn people through video and audio equipment such as speakers and alarms during an incident involving smoke, carbon monoxide, and fire. Various regulatory requirements by government organizations, such as the National Fire Protection Association in the US and the Building Code of Australia, have mandated the installation of fire detection systems. Similarly, mandating the implication of fire detection systems in public places such as malls, hospitals, stadiums, and other public gatherings globally will drive the demand for the fire detection segment and fuel the global market growth during the forecast period.

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Application  Analysis

Under application analysis, the commercial sub-segment is leading the market growth. Rising investments in office spaces and airports are expected to be a major driving factor for the growth of this segment during the forecast period. Commercial buildings are meant to generate profit. Thus, they consist of the workforce, assets, and products. It is necessary to safeguard all components of operation in these buildings to eliminate any chance of harm in generating profits.The growth of e-commerce has enhanced the market for online retailers. An online dress seller does not need a well-decorated shop to attract consumers, but the priority is to develop a well-protected warehouse that is free from all dangers. Any accident caused due to fire will not only burn down all the products and cause a huge loss of revenue but also delay the product delivery and result in the vendor losing the consumers' trust. The growth in construction activities also has a positive impact on the installation of fire protection systems. Commercial construction ventures in India are likely to keep growing at a much more rapid rate during the forecast period.

Regional Analysis

APAC is estimated to contribute 35% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

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North America held the largest market share of the global fire protection system market in 2022. This is attributed to the high demand for intelligent houses and smart buildings, which offer optimum safety in the region. Furthermore, the presence of strong market players, such as Raytheon Technologies Corporation, Gentex Corp., and Honeywell International, Inc, in the region has led to the active involvement of these vendors in advertising their products, which has increased the awareness of various fire protection systems among the people in the region. Market players are also adopting strategic initiatives and are undertaking several measures to gain benefits from the opportunities in the emerging markets of APAC. Additionally, they have also launched advanced products to meet evolving customer needs. Hence, such factors are boosting the regional market growth during the forecast period. 

Covid Recovery Analysis:

The outbreak of COVID-19 negatively impacted the regional market in 2020. However, in 2021, various business and industrial activities resumed, such as the construction of buildings and cross-border trade between countries, due to the initiation of large-scale vaccination drives, which increased the demand for fire protection systems in the region. In addition, rising demand for intelligent houses and smart buildings, which deliver optimum safety and increasing awareness regarding fire protection systems, are expected to foster the growth of the market in focus during the rest of the forecast period.

Recent Development of the Fire Protection System Market

• In April 2022, Johnson Controls acquired Xcell Misting Ltd, a fire suppression and detection firm that designs and installs systems. According to Johnson Controls, the clients will benefit from the company's competence in fire protection and security by obtaining access to the most recent fire suppression technology.
• In June 2019, Ampac, a fire and evacuation systems firm established in Australia, was acquired by Halma plc. Halma plc was able to extend its company around the globe as a result of the purchase.

Segment Overview

• Product Outlook (USD Million, 2017 - 2027)
  • Fire detection
  • Fire suppression
  • Fire response
  • Fire analysis

• Application Outlook (USD Million, 2017 - 2027)
  • Commercial
  • Industrial
  • Residential

• Region Outlook (USD Million, 2017 - 2027)
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Chile
    • Brazil
    • Argentina

Fire Protection System Market Scope
Report Coverage	Details
Page number	174
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.07%
Market growth 2023-2027	USD 14,406.41 million
Market structure	Fragmented
YoY growth 2022-2023(%)	6.12
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 35%
Key countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ABB, API Group Corp., Carrier Global Corp., Eaton Corp. Plc, Encore Fire Protection, Fire Suppression Ltd., Fireline Corp., Firetrol Protection Systems Inc., Gentex Corp., Halma Plc, Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc., Minimax GmbH and Co. KG, Napco Security Technologies Inc., Raytheon Technologies Corp., Robert Bosch GmbH, Securitas AB, Securiton AG, and Siemens AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Fire Protection System Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the fire protection system market between 2023 and 2027
• Precise estimation of the size of the fire protection system market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of fire protection system market vendors

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